Business Monitor International Reveals Report on Dry-bulk Shipping Sector

LONDON, June 1, 2011 -

Business Monitor International has announced the launch of its special
report on the dry-bulk shipping sector called 'Dry-Bulk Shipping in Troubled
Waters as Glut of Vessels Soaks up Demand'.

The shipping industry analysis (
analysis.businessmonitor.com/intelligence/all-regions/all-countries/shipping-industry)
report provides an in-depth overview of the challenges that
the global dry-bulk shipping sector faces in 2011, with a particular focus on
the sector's ability to tackle its current overcapacity crisis.

The dry-bulk shipping sector's woes are expected to continue for some
time to come, as dropping rate have already lead to Korea Line Corp filing
for receivership, and there could be more victims if lines do not reduce
capacity.

BMI's special report on the global dry-bulk shipping industry provides
industry professionals with independent analysis into the sector. The report
assists in identifying the opportunities and threats to businesses, whether
they are a dry ship operator/owner, a dry-bulk terminal operator, a shipyard,
a commodity producer/importer/exporter, a logistic firm, a consultancy or an
investment bank with an interest in the sector.

BMI believes that despite growing imports of dry-bulk commodities, supply
will continue to outbalance demand in the dry-bulk sector for some time to
come. BMI expects overcapacity to remain the major concern for the dry-bulk
sector over the medium term.

In supply terms, the outlook for dry-bulk is positive. In terms of
commodities markets, (
analysis.businessmonitor.com/intelligence/all-regions/all-countries/commodities)
Brazil and Australia continue to dominate the iron ore production,
while global production of grains is expected to increase around 4%
year-on-year (in particular, US corn, South American soya bean, Australian
barley).

However, despite growing imports, supply will continue to outbalance
demand. Global dry-bulk capacity will expand 14% this year, far outpacing a
6% rise in demand, China COSCO, China's largest shipping conglomerate, has
said.

The current global dry-bulk fleet stands at 7,957 vessels, according to
Lloyd's List Intelligence. There are 2,749 vessels on order, up 2,466 y-o-y,
representing 34.5% of the current fleet. Of these, 1,555, about 20% of the
current fleet, are due online in 2011. Given the current supply demand
imbalance, this orderbook is certainly a cause for concern.

About Business Monitor International: (analysis.businessmonitor.com/)

Business Monitor International (BMI) is a leading, independent provider
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) ratings, rankings and forecasts covering 175 countries, including Brazil
analysis, (
analysis.businessmonitor.com/intelligence/latin-america/brazil/all-industries)
and 22 industry sectors.

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BMI's customers and clients span more than 140 countries worldwide,
including more than 400 of the Global Fortune 500 companies. Businesses,
banks, financial service companies, governments, academia and research
centres have all come to rely on BMI's analysis, data and forecasts - and
have done so for 25 years. The company was awarded the Queen's Award for
Export Achievement in 1997.

BMI is a wholly independent company, headquartered at Blackfriars,
London, with foreign offices in Singapore and New York.

BMI's corporate mission is to become the world's No.1 Independent
Information Provider in its field (Country Risk & Industry Research).

Business Monitor International was founded in 1984 by Richard
Londesborough and Jonathan Feroze, the company's joint CEOs, who both
continue to play a full role within the company.

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